S&T Bancorp, Inc. (NASDAQ:STBA) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Consensus "Hold": Seven analysts give S&T Bancorp a consensus rating of "Hold" (five holds, two buys) with an average 12‑month price target of $44.40.
• Shareholder returns: The board authorized a $100.00 million share repurchase (about 6.2% of shares) and the company pays a quarterly dividend of $0.36 (annualized yield ~3.3%, payout ratio 41.14%).
• Recent results: S&T reported Q earnings of $0.89 EPS (in line with estimates) and revenue of $105.9M (above estimates), and analysts expect about $3.05 EPS for the current year.

S&T Bancorp, Inc. (NASDAQ:STBA - Get Free Report) has been assigned a consensus rating of "Hold" from the seven analysts that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $44.40.

A number of equities research analysts have issued reports on the company. Janney Montgomery Scott raised S&T Bancorp from a "neutral" rating to a "buy" rating and set a $46.00 price target on the stock in a research report on Monday, January 26th. Zacks Research lowered S&T Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 6th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of S&T Bancorp in a research report on Monday, December 29th. Wall Street Zen raised S&T Bancorp from a "sell" rating to a "hold" rating in a research report on Sunday, March 22nd. Finally, DA Davidson assumed coverage on S&T Bancorp in a research report on Wednesday, February 25th. They issued a "neutral" rating and a $47.00 price target on the stock.

Institutional Investors Weigh In On S&T Bancorp

A number of hedge funds have recently bought and sold shares of the stock. State Street Corp raised its position in S&T Bancorp by 3.7% in the 4th quarter. State Street Corp now owns 1,723,385 shares of the financial services provider's stock valued at $67,815,000 after purchasing an additional 61,800 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of S&T Bancorp by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,624,436 shares of the financial services provider's stock valued at $63,922,000 after acquiring an additional 20,411 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of S&T Bancorp by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 958,685 shares of the financial services provider's stock valued at $37,729,000 after acquiring an additional 3,388 shares during the last quarter. Millennium Management LLC increased its holdings in shares of S&T Bancorp by 33.5% in the 3rd quarter. Millennium Management LLC now owns 459,153 shares of the financial services provider's stock valued at $17,260,000 after acquiring an additional 115,333 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its holdings in shares of S&T Bancorp by 2.5% in the 3rd quarter. Bridgeway Capital Management LLC now owns 299,373 shares of the financial services provider's stock valued at $11,253,000 after acquiring an additional 7,342 shares during the last quarter. Institutional investors and hedge funds own 65.22% of the company's stock.

S&T Bancorp Price Performance

STBA opened at $43.81 on Friday. The stock's 50-day moving average price is $42.41 and its 200 day moving average price is $40.25. S&T Bancorp has a 12-month low of $32.28 and a 12-month high of $44.91. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 12.52 and a beta of 0.86.

S&T Bancorp (NASDAQ:STBA - Get Free Report) last posted its earnings results on Thursday, January 22nd. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.89. S&T Bancorp had a return on equity of 9.25% and a net margin of 23.61%.The firm had revenue of $105.90 million for the quarter, compared to analyst estimates of $103.46 million. As a group, sell-side analysts expect that S&T Bancorp will post 3.05 earnings per share for the current year.

S&T Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Thursday, February 12th were given a $0.36 dividend. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $1.44 dividend on an annualized basis and a yield of 3.3%. S&T Bancorp's dividend payout ratio (DPR) is currently 41.14%.

S&T Bancorp announced that its board has initiated a share repurchase plan on Thursday, January 22nd that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 6.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

About S&T Bancorp

S&T Bancorp, Inc is a bank holding company headquartered in Indiana, Pennsylvania, serving as the parent of S&T Bank. Established as a banking organization in 1902 with the holding company formation following in the early 1980s, S&T Bancorp has built its reputation on delivering community-oriented financial services. The company operates under the NASDAQ ticker STBA, maintaining a focus on personalized banking solutions and local decision-making.

The company's main business activities encompass a full suite of retail and commercial banking products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.